Comments on: Oil Drops Below $57, Gas Prices Rise

By: Brian

Brian — Mon, 08 Jan 2007 22:27:07 +0000

I always found it rediculous that Gas prices will raise the same day oil prices go up but the oil we are pumping was bought months and months ago.

If the gas companies were following those rules to make more sense to the consumer then they should lower the prices on the same principal.

Even if the gas companies make their 5% or whatever profit which isnt higher than other companies thats still 5% times billions and billions of dollars in a monopoly that will never go away. And we still give them billions in tax breaks.

By: Oil Drops Below $57, Gas Prices Rise | Outlaw News

Oil Drops Below $57, Gas Prices Rise | Outlaw News — Mon, 08 Jan 2007 18:38:37 +0000

[...] Daily Fuel Economy Tip / January 8, 2007 [...]

By: Resonance

Resonance — Mon, 08 Jan 2007 17:56:55 +0000

Oil/Gas Price Fluctuation; Iraqi PSAs

I thought there was a pricing disparity; it wasn’t my imagination:Despite the nearly 10% drop in the price of oil during the past week, the national average price of a gallon of gasoline has actually gone up $.03. That seems…

By: nobrainer

nobrainer — Mon, 08 Jan 2007 16:38:49 +0000

Gasoline retailers will smooth the peaks and valleys. The actual profit per gallon will vary, but they end up averaging about the same profit per gallon.

If you think oil price peaks (and the oil wholesale to gasoline retail lag cycle) are ridiculous, start studying point pricing on the electrical grid. Prices can change by 1000% (yes a thousand) in a day depending on the load. Of course your power company will charge you an average price, not the actual price.

By: Charles

Charles — Mon, 08 Jan 2007 12:58:34 +0000

But Matt, they raise the price immediately not wait for the secondary market lag.

By: sprky777

sprky777 — Mon, 08 Jan 2007 08:35:29 +0000

lets see if our newly elected democratic congress will force oil companies to cut prices. It would stimulate the economy making democrats look good.

anyway, try to buy an electric car.

By: matt

matt — Mon, 08 Jan 2007 07:32:12 +0000

the market for second-hand commodities usually lags. therefore, a drop in oil prices would not necessarily constitute an immediate drop in gas prices.